Oil rises towards $27 as OPEC+ begins record cut
Oil rose towards $27 a barrel on Friday as OPEC and its allies began a record output cut to tackle a supply glut weighing on…
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OPEC
OPEC Oil Supply Surges in April Ahead of New Cut
OPEC oil supply in April is at its highest since December 2018, a company that tracks oil shipments said on Tuesday. This is as…
Oman Says to Cut Oil Output by 200,000 Bpd as OPEC+ Pact
Oman told its oil-producing companies to cut 200,000 bpd; starting from May 1 until the end of June in line with OPEC+ crude…
Oil Producers to Discuss Fair Deal on Output Cut
OPEC+ are working on a deal for an unprecedented oil production cut; equivalent to around 10% of worldwide supply, an OPEC source…
Saudi Arabia denies any Talks with Russia
Saudi Arabia said on Friday it was not in talks with Russia to balance oil markets. Despite an attempt by Moscow to increase the…
Saudi Arabia to increase Oil Output Above 10 Million bpd
Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10mn bpd in April. This…
OPEC still has plenty of ideas, Saudi Energy Minister
OPEC and its allied oil-producing nations are still working well together. They still have options to try to rebalance global…
Oil Prices Improve after Saudi Denial to Break from OPEC+
Saudi Energy Minister Prince Abdulaziz bin Salman described as “nonsense” a media report that Riyadh considers a break from…
Saudi-Russian discussions on Oil Market, cooperation aspects
Russian Energy Minister Alexander Novak and his Saudi counterpart, Prince Abdulaziz bin Salman, discussed the situation…
Bahrain Committed to Back Curbing Oil Production
Bahrain said on Monday that it is to supporting cuts on oil production by an additional 600,000 bpd. As recommended by the OPEC+…
